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Sanjeev Asthana, who recently quit as the President and Chief Executive of Mukesh Ambani-controlled Reliance Retail, is planning to launch a $100-million (Rs 460 crore) private equity (PE) fund to invest in food and agriculture sectors, according to a person close to the development. Called I-Farm Venture Advisors, the fund will invest in small and medium enterprises, the person said. |
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 | Kishore Biyani is restructuring the financial services business of the Future Group, a move that could see retailer Pantaloon, the group's flagship, sell its stakes in two insurers and a non-banking financial company, or NBFC, to a new holding company to be headed by V Vaidyanathan, the ICICI veteran who quit over the weekend. Pantaloon has a 55% stake in Future Capital Holdings, or FCH, a listed NBFC which describes itself on its website as a consumer-centric retailer of financial products, as well as in the group's life and general insurance ventures with Generali. |
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The Board of Directors of Marico Limited has inducted B. S. Nagesh, Customer Care Associate and Vice Chairman of Shoppers Stop Limited, as a non-executive independent director. He fills the casual vacancy caused by Bipin Shah's retirement from the Board of Directors of the company, in January, 2010. |
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India Infoline.com Bata India came out with one more strong performance. Total income from operations grew by 13% to Rs 351.20 crore and net profit rose by impressive 41% to Rs 25.91 crore for the quarter ended June 2010. The sturdy growth in profits triggered from healthy expansions in margins by 150 bps to 13.0%, and fall in the interest cost by 79% to Rs 0.22 crore. |
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| News: Food & Grocery, QSR ... | | |
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The proposed joint venture between Tata Global Beverages (TGB) and PepsiCo, announced this April to develop beverages in the health and wellness space, is likely to begin with developing affordable water. Discussions are on, say sources, on the possibility of pricing a one-litre bottle of water below Rs 10, perhaps even around Rs 5. The joint venture may also offer fortified water and low-priced beverages in the earth and wellness space to attract health-conscious customers. |
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Pepsi launches new sugar-free soft drink
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Soft drinks manufacturer Pepsi launched Pepsi Max, a new sugar-free cola targeted at the 25-35 year age group. The food and beverage giant's intention in introducing Max is to expand its product portfolio in India and to create a new market segment in the soft drink industry, company officials said. Max, available here from Aug 6, will be in a 500 ml pet bottle and be priced at Rs.25. |
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Get ready to pay more for your cuppa if you are a connoisseur of premium tea. The prices of high-end varieties are set to go up by Rs 15-20 per kg at the retail end as the supply of quality 'first flush' Assam tea has gone down significantly due to heavy rains and a pest attack. Some packeteers like Dhunseri Tea and Girnar have decided to step up packet tea prices by 7-10% while others like Goodricke Group and Jay Shree Tea & Industries are in a 'wait and watch' mode. |
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Moti Mahal Delux launched outlets in the culturally rich cities of Bareilly in Uttar Pradesh and Jodhpur in Rajasthan, thus paving the way for the residents of the respective cities to dine with India's forerunner chains of restaurant in authentic Indian and Mughlai Cusine. A touch of history and culture mixed with the spices of the food will make eating an unforgettable experience at Moti Mahal. |
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| Retail Trends | | |
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Delhi Chief Minister, Sheila Dikshit asked local shop owners and market associations to gear up for a major trading opportunity during the Commonwealth Games. The CM said the government and civic agencies are already sprucing up some markets in the capital, including Connaught Place and Khan market. |
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Retail trade has grown faster than the economy: it registered a compounded annual growth rate (CAGR) of 9.4% between 2004-05 and 2008-09, when the Indian economy grew at 8.66%. The retail trade suffers from two major handicaps. One is the non-availability of credit at reasonable rates from institutions; the other is the bribe one has to pay to the government babus to leave him in peace. |
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 | After an hour-long debate, the government and the Opposition parties granted concessions to each other today to end the logjam over price rise. On Tuesday, the Lok Sabha will take up a discussion to pass a "Sense of the House" proposal over the "inflationary pressure and its adverse impact on the common man". |
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Delhi has another shopping district to boast off - just that you need to clear immigration to reach there. The duty free at the swanky new terminal 3 of the newly built Delhi airport is now as much a shopper's delight as Heathrow, Changi or KL. Snazzy stores cover over 20,000 sq feet of retail space, making it one of the biggest ensemble of luxury brands at any location in India. |
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If you have an astounding aesthetic sense and an eye for detail, apparel merchandising may be your calling. "The retail industry is booming, and with it, there is an increase in the demand for visual communication, branding and creativity," says a senior faculty member of the Institute of Apparel Management, Mumbai. |
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| Retail Insight | | |
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| Enabling Revolutionary Cross-Channel Trends in Retail |
| Verizon |
The world of retail marketing just got a lot more personal. Consumers are embracing new technologies and expecting their retailers to take advantage of those innovations to create a more individualized shopping experience. Retailers have many more creative channels available to customize their interaction with customers, and new tools keep emerging. Though technology has not always been a retailer's friend, new advances have reduced the burden both in skilled resources and cost. These advances allow retailers to quickly respond to changing customer expectations and offer creative encounters that can improve brand loyalty and bottom-line sales. These new trends increase the channels through which retailers can reach customers. But as retailers begin to embrace these new channels, they must ensure consistency across products, service, and messaging. |
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